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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. Replacing them is much easier than replacing plastic cards.

National 172
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Deep Dive: COVID-19 Spurs Biometric Innovations For A Contactless Global Society

PYMNTS

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. These surveillance technologies are opening a hornet’s nest of privacy and security concerns for citizens.

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Mastercard’s Kirkpatrick: Transit Is The Ticket To Everyday Spend

PYMNTS

The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. As of last week, the card network announced it will be bringing contactless payments to transit turnstiles in more than 20 U.S. cities in the next few years. Building New Consumer Habits.

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Caribou Coffee Spills The Beans On Customer Loyalty In The Mobile Age

PYMNTS

Some customers take advantage of restaurants by requesting chargebacks from their banks or credit card companies with the hope of scoring a free meal, while others are inadvertently causing harm by ordering chargebacks when a refund would be more appropriate. Third-party apps are facing some oversight difficulties, however.

Mobile 131
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Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Account takeover fraud. Education as an anti-fraud tool.

Fraud 160
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Last Roar Of The Paper Tiger?

PYMNTS

But gig workers’ payment preferences are clearly on the side of instant , almost regardless of individual income security. It got so bad that New York City became the first municipality in the nation to pass a law making it easier for freelancers to sue for payment. Banking on Instant. workforce in 2020.

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Splitty Makes It Easier To Grab A Piece Of The Travel Industry

PYMNTS

Competition among airlines, hotels and travel agencies is fiercer, but all these platforms are approaching travel innovation in similar ways. They can come to the site and book five nights in New York City, for example, and those stays could include parking services for just the first two nights, Shust said.

Industry 168